New York Markets After Hours

Fed's Plosser: Still optimistic despite noisy data

WASHINGTON (MarketWatch)-- The economic outlook is still bright despite recent noisy data, said Charles Plosser, president of the Philadelphia Federal Reserve, on Friday, In an interview on Bloomberg Television, Plosser said he still expects 3% growth this year, according to Dow Jones NewsWires. Plosser said it may take a few months to understand the impact of weather on the recent data. "We have to be a little patient," Plosser said. The Philadelphia Fed president is a voting member of the Fed's policy committee this year.

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